High Level of Activity Continues in 2022 for D&I Transaction Powerhouse
Challenging market conditions impacted M&A activity in Finland and globally in 2022. D&I's Transaction Powerhouse experienced a high level of activity and generated turnover on par with the record year 2021, despite the significant decrease of announced deals on the Finnish market.
Dramatic changes in market conditions, valuation gaps and lack of availability of financing caused challenges in getting deals through and many transactions were put on hold or postponed. In addition to the challenging market conditions, regulatory aspects presented increasing complexities, including in relation to merger control and FDI screening.
Despite many of the challenges from 2022 continuing in 2023, the pipeline for 2023 looks reasonably strong, driven by large amounts of dry powder, expected increase in public M&A activity and anticipated gradual improvement of macroeconomic conditions.
D&I is the go-to law firm for many sophisticated market players when it comes to large and complex deals in, into and out of Finland, the Nordics and the Baltics.